QUALISOY(TM), a collaborative effort to improve the global competitiveness of the U.S. soybean industry, has announced its 2005 board of directors and executive committee and approved market standards of quality.

At the board's meeting held in St. Louis, outgoing chairman David Durham welcomed new board members, including Ike Boudreaux, director, United Soybean Board; Curt Raasch, director, United Soybean Board; and Aaron Schlenker, commodities manager, Archer Daniels Midland Co. The board of directors also voted the 2005 executive committee as follows:

Chairman: Jim Sutter, vice president, Cargill

Vice Chair: Ike Boudreaux, director, United Soybean Board

Treasurer: Dennis Byron, vice president, Crop Development, Pioneer Hi-Bred International, Inc.

Member-at-Large: Kerry Preete, vice president, U.S. Crop Production, Monsanto Co.

Additionally, the board approved quality standards for U.S. soybean varieties. Soybeans endorsed by the QUALISOY board would be required to meet levels of low linolenic acid of 3 percent or less; mid-oleic acid at a minimum of 50 percent; and/or low saturated fatty acids at 7 percent.

Source: Company Release